Quote:
Originally Posted by Discuss Thrower
The S&P 500 dropped ~45% in the period of time that encompassed the death of Bear in March '08 and then when it started to continuously go up after something like March 3, 2009.
We have yet to have our 'death of Bear Stearns' moment but it will precede a second Great Recession.
Job losses will take hold, there'll be some bankruptcies once enough bullshit called on the auto and student loan market. Young people aren't buying houses and this won't get better.
Then you start thinking about new political realities which will not be market friendly..
|
There is a long way to go before that.